Timberline Resources Corporation announced a non-brokered private placement of 37,500,000 units at an issue price of $0.08 per unit for the gross proceeds of up to $3,000,000 on April 27, 2023. The transaction will include participation from solely from persons or institutions who qualify as accredited investors under Rule 506(b) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933 and may include participation from certain insiders of the company. Each unit will consist of one common stock and one-half of one common share purchase warrant.

Each warrant exercisable to acquire an additional share of common stock at a price of $0.12 per share for three years from the date of issuance. The transaction is subject to approval by the TSX Venture Exchange. The securities to be issued pursuant to the offering will be subject to a statutory hold period in accordance with applicable securities legislation.

Finders' fees may be payable with respect to subscriptions for Units accepted by the company, and consulting fees may be payable by the company in relation to the offering. Certain insiders may participate in the offering. The Units will be offered